Floor Plan For Used Car Dealers

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability.

Floor plan for used car dealers.

How does floor plan financing work specifically to benefit auto dealers. Simply it is a way for an auto dealer to use a lender s funds to finance the cars and until each of them is sold the lender holds title to the cars. Our floor plans offer quick cash flow great terms and no curtailments. If your holding cost per day per unit is 44 63 and your turn time is 60 days you will spend 2677 of your profit holding on to a non selling car.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Car bucks was designed for you. No curtailments or audit fees. Floor cars for up to.

Call or apply now 864 234 9696. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Monday friday 8 30 5 30 est. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

Using cash or a bank line of credit to purchase inventory can work for some car dealers but many floor plan financing companies offer a variety of dealer specific benefits. A one percent rate increase can raise some dealership costs by millions of dollars. Floor plan loans are among the safest of all financial instruments. The dealer then receives payment hopefully including a profit and remits the balance to.

Keep it with car bucks. There s never been an easier way.